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The Latest Breaking News from SoftBank

China Tech's Dwindling Fortunes Fuel More Alibaba Stake Selloff Speculations By SoftBank

The dwindling fortunes of the Chinese tech shares have prompted concerns over Alibaba Group Holding Ltd (NYSE:BABA) stake selloff by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF), the Wall Street Journal reports. SoftBank's single most significant investment in the e-commerce giant was hit hard by the domestic crackdown. The Nasdaq Golden Dragon China Index of U.S.-listed Chinese stocks…

Benzinga

Crowdfunding a capital: Indonesia’s unusual pitch raises eyebrows

Unorthodox proposal comes after Japan’s SoftBank opts not to invest in project estimated to cost $32bn.

Al Jazeera

This SoftBank-Owned Japanese Social Media Giant Is Launching An NFT Marketplace

LINE, co-owned by the Masayoshi Son-led SoftBank Group Corp (OTC: SFTBY), is all set to launch a non fungible token (NFT) marketplace.

Benzinga

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Pear Therapeutics, SoftBank Team On Sleep/Wake Disorder Therapeutic For Japanese Market

Pear Therapeutics Inc (NASDAQ: PEAR) has agreed with SoftBank Group Corp (OTC: SFTBY) to develop a Japanese-language digital therapeutic for sleep/wake disorders for the Japanese market.

Benzinga

GM Buys Out Softbank's Stake In Cruise Self-Driving Unit And Commits Additional Capital

General Motor Corporation (NYSE: GM) announced late Friday, a move that only goes to underline the seriousness with which the company is pursuing its electrifica

Benzinga

GM buys SoftBank’s $2.1 Billion stake in Cruise self-driving unit

General Motors Co. bought out the SoftBank Vision Fund 1’s stake in self-driving startup Cruise LLC for $2.1 billion, ending the Japanese investment firm’s involvement in the business and giving the Detroit automaker 80% ownership.

Tribune News Service

SoftBank Founder Boosts Collateral To 33% Of Stock As Stock Prices Sink

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son has raised the collateral stock to financial institutions as its shares plunged over 2021, Bloomberg reports. Son boosted the stock pledged as collateral to ~33% of his stake or 153.3 million shares in SoftBank as its shares sank 60% from their peak last year.…

Benzinga

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SoftBank-Owned Arm Ltd Looks To Prune ~1K Jobs As It Prepares For IPO

SoftBank Group Corp(OTC:SFTBY) (OTC:SFTBF)-owned Arm Ltd looks to slash 15% of its workforce as it prepares for its initial public offering, Bloomberg reports. Arm aims to trim 12% - 15% of U.K. staff to control spending and focus on fewer projects. Also Read: SoftBank Aims For Arm IPO After Nvidia Dumps Takeover Plans, US Joins…

Benzinga

Japan Fashion Magnate Maezawa Buys ‘Affectionate’ Robot Venture

Japanese fashion magnate Yusaku Maezawa is buying robotics startup Groove X, which makes an "affectionate" companion robot, saying on Tuesday he was drawn by its ability to "make people feel happy". A fund owned by Maezawa has taken a majority stake in the startup, founded by an alumni of SoftBank…

Asharq Al-Awsat

SoftBank's $1B Block Sale Is Causing Coupang's Meltdown

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) Vision Fund's block trade sale worth $1 billion on March 9 triggered Coupang Inc (NYSE:CPNG) share's recent meltdown. SVF Investments (UK) Ltd sold 50 million Coupang shares for $20.87 per share. Coupang's shares closed at $22.70 on March 9 and $18.94 on March 10. Also Read: South Korean E-Commerce Company Coupang…

Benzinga

WeWork's Empty Chair Sparks Speculation Of Founder Adam Neumann's Return: Bloomberg

WeWork Inc (NYSE:WE) is yet to fill the Chair position since Marcelo Claure's exit in January, Bloomberg reports. Claure, SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) former COO, had held that position since the Japanese conglomerate rescued WeWork from near-insolvency in 2019. Claure resigned in January from SoftBank, the biggest investor in WeWork. Adam Neumann can…

Benzinga

Here's Why Alibaba Dumped Its Fundraising Plans

Alibaba Group Holding Ltd (NYSE:BABA) discussed raising at least $1 billion for Lazada before calling off negotiations when talks bogged down over the Southeast Asian online mall's valuation, Bloomberg reports. Alibaba had aimed to secure financing for Lazada ahead of its spinoff and a potential initial public offering. Alibaba ditched the fundraising…

Benzinga

Here's Why Jefferies Sees More Alibaba Stake Sale By SoftBank

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) sold 20 million Alibaba Group Holding Ltd (NYSE: BABA) shares in the last quarter and "

Benzinga

SoftBank backs Deliveroo IPO platform PrimaryBid in $190 million round

London-based PrimaryBid helped Deliveroo offer shares to retail investors in its March 2021 IPO

Evening Standard

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Benzinga

Read The Latest Update On SoftBank's Arm IPO

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) banks jostled for roles on a potential IPO of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg reports. Banks plan to pitch IPO valuations for Arm of upward of $50 billion. Related Content: SoftBank Looks To List Arm In US, Ditching Its Home Market Arm is…

The Guardian - UK

SoftBank’s Arm flotation hopes hit by legal fight in China

News of dispute comes as London Stock Exchange seeks to persuade SoftBank to reconsider its Nasdaq choice

Benzinga

SoftBank-Owned Arm Faces China Roadblock After Nvidia

SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) U.K. chip designer Arm Ltd's escalating battle at its renegade China unit has jeopardized its IPO ambitions, the Financial Times reports. The joint venture head, Allen Wu, has launched a third legal case against Arm China through one of his shareholder companies. Wu's latest case aims to get reappointed…

The Guardian - UK

Noisy activists aside, GSK investors backed Walmsley and her strategy

The ‘step-change’ in growth for the core pharma division has barely started, but the CEO is secure for now

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Benzinga

Why Nvidia Shares Are Trading Higher Today

NVIDIA Corp (NASDAQ: NVDA) is trading higher Wednesday following the company's termination of its planned acquisition of British semiconductor company Arm Limited from SoftBank.

Benzinga

SoftBank Looks To List Arm In US, Ditching Its Home Market

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) CEO Masayoshi Son looks to list British chip designer Arm Ltd in the U.S., shunning its home market, CNBC reports. Son aims for a "big IPO" and looks to publicly list Arm on the tech-focused Nasdaq stock market within the fiscal year ending March 31, 2023. Roughly…

Benzinga

Here's Why Citi Is Still Bullish On Nvidia Despite Arm Deal Fall Out

Citi analyst Atif Malik reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA) with a $350 price target. The price target implies an upside of 41.5%. The re-rating follows Nvidia's termination of the planned acquisition of SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) ARM Ltd due to significant regulatory challenges to closing the deal. The Street largely expected that the…

Evening Standard

Softbank to take ARM public after sale to Nvidia collapses

SoftBank is preparing to re-float ARM after Nvidia’s planned acquisition of the Cambridge-based chip-maker collapsed due to “significant regulatory challenges”.

Benzinga

SoftBank Aims For Arm IPO After Nvidia Dumps Takeover Plans

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) aims for an initial public offering for Arm Ltd. Nvidia Corp's (NASDAQ:NVDA) just abandoned the proposed acquisition of the chip designer amid fierce opposition from regulators and customers. SoftBank will keep a $1.25 billion breakup fee with the deal's termination. Related Content: Nvidia Quietly Looks To Dump Its Arm Ambitions SoftBank looks for…

Benzinga

SoftBank Clocks 6% Revenue Growth In Q3

SoftBank Group Corp (OTC:SFTBY) reported a third-quarter FY21 revenue growth of 6% Y/Y to ¥1.6 trillion. Arm revenue grew 20.6% Y/Y to ¥66 billion. The gross profit expanded 12.5% Y/Y to ¥841.9 billion. SoftBank's net income declined 95.1% Y/Y to ¥59.2 billion. EPS was ¥11.43. Softbank generated ¥2.4 trillion in operating cash flow…

The Guardian - UK

Nvidia’s $40bn takeover of UK chip designer Arm collapses

British company aims to seek stock market flotation after Japan’s SoftBank abandons sale

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